Registered Charity No: 1157786 SPORTING PENISTONE C.I.O. REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2024
SPORTZNG PENISTONE C.I.O. REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2024 CONTENTS Page Legaj and Administrative Information Trustees, Report Independent Exarniner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-14 Page 2
SPORTING PENISTONE C.I.O. LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2024 Full Name: SPORTING PENISTONE C.I.O. Registered Charity Number: 1157786 Princlpal Address: Penistone Leisure Centre Thurlstone Road Penistone Sheffield $36 9EF Trustees: Amanda James Rachel Gibbons Karl Travis Alison Barron Annie Lightowler (Resigned November 23) Ian Billingham (Appointed November 23) Vernon Bouch (Appointed August 2024) Chair: Rachel Gibbons Treasurer: Amanda James Bankers: Unity Trust 8ank PO Box 7193 Planetary Road Willenhall WVI 9DG Independent Examiner: Stephanie Tolson Community Accountant BCVS Services 23 Queens Road Barnsley S71 IAN Page 3
SPORTING PENISTONE C.I.O. TRUSTEES, REPORT YEAR ENDED 31 MARCH 2024 The Trustees present their report and accounts for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Structurei governance and management Sporting Penistone is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission and governed by its constitution, adopted 03 July 2014. The organisation was formerly a project of Penistone & District Community Partnership. The affairs of the CIO are managed by the charity trustees who may exercise all the powers of the CIO. The trustees are appointed for 3 years by resolution at a trustees, meeting. Membership of the CIO is limited to the trustees, who have no liability to contribute to assets and no personal responsibility for settling debts and liabilities in the event of winding up. Appolntment of Trustees In accordance with the terms of the constitution, there must be at least three charity trustees. If the number falls below this minimum, the remaining trustees can act only to call a meeting of the trustees or appoint a new trustee. The maximum number of trustees is 12. Each new trustee is given a copy of the constitution and the latest trustees, annual report and accounts, on or before appointment. The trustees who served during the year are shown on page 3 of this report. Risk Management The trustees have ultimate responsibility for identifying and managing risk. A major risk is failure to bring in sufficient income to cover the outgoing costs of running the centre. This is managed by close financial scrutiny throughout the year and ensuring the centre is booked out to groups as much as possible. For other areas the charity has policies and procedures in place to manage or lessen the effects of potential risks. Charitable aims and objectives The object5 of the charity are: l. To promote for the benefit of the inhabitants of Penistone and district without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions, by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the effect of improving the conditions of life for the said inhabitants. Page 4
SPORTING PENISTONE C.I.O. TRUSTEES. REPORT continued YEAR ENDED 31 MARCH 2024 2. To establish, or secure the establishment of, a leisure centre and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the objects. Activlties undertaken for the public benefit In shaping the objectives for the year, the trustees have paid due regard to the public benefit guidance published by the Charity Commission. The Leisure Centre has continued to provide a series of activities for the local community. These include: Chair aerobics, Dementia cafe, Walking Netball and 'PenActive', a youth club for older people. Funding was received for a 'Social Hub, which was aimed at working age adults who wanted to meet other people. This started small, but has become a successful and popular activity with an established group of people. Sweaty Mamas, Little Bikers and Tumble Tots for mothers and young children. A 'Stay and Play, sessions for toddlers was started in the cafe. Karate and teen circuits. For people in general, a gym and fitness classes such as circuit training, tap dance, 'Boogie Bounce,, Tai Chi and Zumba. Sports such as badminton and table tennis, cricket, football, and a new activityi Pickleball. Roller skating, with sessions for families, adults and teens, and parties. Art activities continue to be popular and we took part in Penistone Arts Week, expanding our variety of arts activities. The board game cafe continues to be popular, we have increased the stock of games, and various activities take place in the meeting room. The NHS continue to run cardiac and pulmonary rehabilitation sessions from the centre for local people. The local Mountain Rescue team continue to store a vehicle in the garage at the back of the centre and an environmental group stores its equipment in an outside room. The private swimming baths over the road pays to use our car park. The cafe continues to provide nutritious mea15 for centre users and members of the public. These activities have been possible as a result of the outstanding work of the trustees, staff and volunteers, and have generated an adequate income for the centre. Achievements & p'erformance during the period We continued to have a full-time manager and 3 part time office staff responsible for finance, activities and communications. A weekend duty manager was added towards the end of the financial year. In addition there is the cafe manager and several young staff members who assist in the cafe. Volunteers still play an important part in the running of the centre, doing gym inductions, covering reception, assisting with sessions, running skating sessions and doing maintenance. Page 5
SPORTING PENISTONE C.I.O. TRUSTEES, REPORT continued YEAR ENDED 31 MARCH 2024 The Charity's policy on reserves The trustees recognise the need to keep reserves at a level which will give the organisation stability to enable it to continue to operate in the future. As we operate in a building which dates back to the 1930s, and which in the past has not been maintained as well as it might, we needed to build up funds to allow us to repair and renovate the building as required. The refurbishment has taken place over the last four years and reserves have now significantly reduced. We would now like to maintain reserves at around £30,000, which would secure the long term future of Sporting Penistone. The actual level of unrestricted reserves at the year end was £29,392 which meets this requirement (2023: £32,356). Related parties The trustees consider that there are no related parties to the charity. Trustees responsibilities for the financial statements Law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity at any time and enable the trustees to prepare financial statements for each financial year. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Financial Position The financial statements are set out in pages 8 to 14. The Statement of Financial Activities shows a deficit for the year of £29,112. (2023: surplus of £39,472). The total funds at year end, including fixed assets, stand at £381,518. (2023: £410,630). The trustees declare that they have approved the report above. Signed on behalf of the charity's trustees: Signed: Amanda James, Date: 24th January 2025 easurer Page 6
SPORTING PENISTONE C.I.O. INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 MARCH 2024 I report on the accounts of the charity, which are set out on pages 8 to 14. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year, under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts, under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commissioners under section 145 (5)(b) of the 2011 Act; and state whether particular matters have come to my attention Basls of independent examiner's report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be: required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: l. which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records, in accordance with section 130 of the 2011 Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met. or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Date 24th January 2025 Steph Tolson Community Accountant BCVS Services 23 Queens Road, Barnsley, S71 IAN Page 7
SPORTING PENISTONE C.I.O. STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 2024 Total nds 2023 Total Funds Unrestrlcted Restricted Cesignaied Funds rxls Note Income Sports Centre income .: Car parking & room hire Calé & luckshop income Grants received Fundraising and events Donations Other income 95,813 32,613 48,634 95,813 32,613 48,634 1,580 1,728 2,357 73,875 32,426 33,670 71,042 750 719 40 1,580 1,728 2,357 Tolal income 181,145 1,580 182,725 212,522 Expenditure Staff cosls Equipment Repairs & maintenance Insurance Training Rentand rates Ulililies, telephone & inteinet dmin, stationery& bank lees Retreshments & tuckshop Alverbsing Licences countancy lee HR & Payroll lees Depreciation scellaneouslother 96,973 7,617 16,136 2,531 687 753 26,064 7,063 22,143 170 1,378 900 1,669 775 260 97,748 7,877 16,136 2,531 687 1,073 27,064 7,063 22,143 170 1,378 900 1,669 25,373 25 81,118 3,881 13,004 2,388 2,659 1,268 20,572 3,595 12,984 1,097 1,573 850 1,823 26,238 320 1,000 10 25,373 25 Total ExndttUre 184,109 2,355 25,373 211,837 173,050 Net Iome1(EXPendilUre) Total funds brought forward Fund Transfers and adjustments Totsl tunds carrled lonvard 12,9641 32,356 17751 125,3731 129,1121 26,019 352,255 410,630 39,472 371,158 13 29,392 25,244 326,882 381,518 410,630 The Statement of Financial Activities include5 all gains and losses recognised in the year. Prior year income includes restritted grants and donations of £71,042. All other prior year income is unrestricted. Prior year expenditure includes depreciation of £26,238 allocated to designated funds and the following amounts from restricted funds: £1,011 staff costs, £435 rent & rates and £666 utilities. All other prior year expenditure 15 unrestricted. Page 8
SPORTING PENISTONE C.I.O. BALANCE SHEET YEAR ENDED 31 MARCH 2024 2024 2023 Note Flxed assets Tangible fixed assets 326,882 352,255 Currenl assels Debtors Cash at bank and in hand Total current assets 7,090 71,063 78.153 239 66,427 66,666 Current liabilities Creditors Amounts falling due within one year Net current assets 23.517 (23,517) 8.291 18,291 } 54.636 58,375 381,518 410,630 Net assets Funds ot the charlty Unrestricted funds Designated funds (Fixed assets) Flestricted funds 12 29,392 326.882 25,244 32,356 352,255 26,019 Total funds 381,518 410,630 The trustees declare that they have approved the accounts above. Signed on behalf of the charity's trustees: Date: 24th January 2025 Amanda James, Treasurer Page 9
SPORTING PENISTONE C.I.O. NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Accounting policies fthe nts The financial statements have been prepared in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2019) (Charities SORP (FRS102)). co Sporting Penistone CIO meets the definition of a public benefit entity under FRSIO2. Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy note(s). Income and expenditure has been analysed in the accounts using natural classification, in accordance with the provisions of Section 4.6, SORP 2019 (smaller charities). The charity also meets the requirements for exemption from preparing a statement of cash flows. in rnn After reviewing the charity's forecasts and projections and its reserves, the trustees have reasonable expectation that the charity has adequate resources to continue in operation for the 12 month period, from the date of the signing of these accounts. Incomin resources All material incoming resources have been included in the Statement of Financial Activities when the charity is entitled to the income, when any performance conditions attached are met, when it is probable that the income will be received and when the amount can be measured reliably. Donated facilities and services are recognised in the accounts, at the amount the charity would pay in the open market for a service equivalent to that being donated, when the charity would otherwise have purchased them and the value can be measured reliably. Donated goods for the charity's own use are recognised as income, at their fair value. The contribution of general volunteers is not recognised as income in the charity accounts. All expenditure is included on an accruals basis and is recognised as a liability is incurred. Tan ible Fixed A se Tangible fixed assets, with a cost exceeding £1,000, are capitalised and depreciated over their expected useful lives. The following rates apply: Equipment, Fixtures & Fittings Leasehold Improvements 200/0 on a straight line basis 50/0 on a straight line basis Page 10
SPORTING PENISTONE C.I.O. NOTES TO THE FINANCIAL STATEMENTS contlnued YEAR ENDED 31 MARCH 2024 xa Sporting Penistone CIO is a registered charity and is exempt from UK corporation tax on income from its charitable activities. nds tr ctur The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Restricted funds have been provided to the charity for particular purposes and may only be spent for the purposes for which they were given. Any balance remaining outstanding on a restricted fund at the end of the year is carried forward as a balance on that fund, unless permission has been given by the funder to remove the restriction on the balance outstanding. Funds relating to capital expenditure are transferred to a designated fund against which depreciation is charged. 2. Grants Received 2024 2023 BMBC s106 funding building projert BMBC Ward Alliance Social Hub Kickstart grant for wages 8MBC Ward Alliance Refugee Evenings BMBC Ward Alliance wfGF Penistone round table Pitkleball 68,590 1,320 I,oii 666 775 260 1,580 71,042 Page 11
SPORTING PENISTONE C.I.O. NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 31 MARCH 2024 3. Fixed Assets Leasehold Property Improvements Equipment, Fixtures & Fittings Total Cost Balance b/f 01.04.23 Additions in year Disposals Balan clf at 31.03.24 407,111 33,603 440,714 407,111 33,603 440,714 Depreciation Balance b/f 01.04.23 Disposals Charge for the year Balance clf at 31.03.24 67,147 21,312 88,459 20,355 87,502 5,018 26,330 25,373 113,832 NBV at 31 March 2024 319,609 7,273 326,882 NBV at 31 March 2023 339,964 12,291 352,255 Debtors 2024 2023 Debto 811 239 Accrued centre income 6,279 7,090 239 5. Creditors 2024 2023 Accountancy accrual 2023 Accountsncy accrual 2024 Payroll & Pension accrual HMRC PAYE accrual Credit Card accrual 850 900 7,973 10,278 3,516 850 7,441 23,517 8,291 Page 12
SPORTING PENISTONE C.I.O. NOTES TO THE FINANCIAL STATEMENTS contlnued YEAR ENDED 31 MARCH 2024 6. Staff Costs and Numbers 2024 2023 Salaries c05t PAYE and Employer NI Pensions 83,057 10,278 4,413 78,347 2,771 97,748 81,118 Average number of staff employed during the year 10 10 No individual employee received remuneration of more than £60,000. 7. Trustee Payments, Benefits and Expenses During the period, trustee A Barron received remuneration payments of £10,912 for the supply of services to the Charity. There were no other trustee payments. (2023: £6,826) 8. Related Party Transactions No payments were made to related parties during the period. (2023: £0) 10. Independent Examination of Accounts The cost of the independent examination for the year was £900 (2023: £850). 11. Land & Buildlngs A 30 year lease dated 9th May 2019 exists between the charity and Barnsley Metropolitan Borough Council (BMBC), relating to the leisure centre land & Building. Improvements to the leasehold property are recognised as fixed assets in the charity's accounts Page 13
SPORTING PENISTONE C.I.O. NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 31 MARCH 2024 12. Movement In Funds Openln9 balance Incoming (Resources Transfers & resources expended) adjustments Closlng balance Unrestrlcted funds General Fund 32,356 181,145 (184,109) 29,392 184 109 Deslgnated funds Fixed Assets 352,255 (25,373) 326,882 352 255 25,373 326,882 Restrirted funds BMBC Ward Alliance Building Project Penislone Round Table Ptkleball 25,244 25,244 260 1,320 (260) {1,320) {775) 8MBC Ward Alliance Wellbeing Soclal Hub BMBC Ward Alliance Working Together 775 26.019 2,355 25,244 TOTAL FUNDS 410,630 182,725 (211,837) 381,518 13. Fund Transfers None. Page 14